Radial Compression Devices Market Regional Growth Overview, Growth Factors Details by Regions, Types and Top Key Companies

Radial Compression Devices Market Overview
Radial Compression Devices is a band which helps in maintaining the homeostasis of the radial artery after a transradial procedure. The band is transparent so as to control and selectively compress the radial artery for proper flow of blood. It is flexible in nature and can be worn on any wrist size.

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Reduced stay in hospitals due to the usage of bands will save the patients on hefty hospital bills which is one of the major drivers of the market. Increased prevalence of cardiovascular diseases and rising geriatric population are further propelling the Radial Compression Devices market growth. The band based devices provide more mobility to the patient as the incision site is smaller which also reduces the risk of post-operative infection. The lower cost of surgery is expected to further drive the market.

Radial Compression Devices Market Forecast Report (2018-2023)
Radial Compression Devices Market was worth USD xx billion in 2018 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2023

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Radial Compression Devices Market Segmentation
The market for Radial Compression Devices is broadly categorized into product, usage and end user. By product the market is classified into band/ strap based device, knob based device and plate based. The band based products are expected to dominate the global market. By usage the market is segmented into disposable and reusable devices. By end user the market is divided into hospitals, independent catheterization labs, ambulatory surgery centre’s and specialized clinics.

On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Radial Compression Devices market was dominated by North America followed by Latin America. Asia Pacific continues to grow at a high CAGR with a significant share of the market value.

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Key Developments in the Market
• Terumo corporation has acquired the Angio-Seal and FemoSeal vascular closure product lines and Kalila Medical, Inc., a company developing next-generation access technologies, the first being the vado Steerable Sheath, used in cardiac electrophysiology procedures. The acquired assets become part of Terumo Interventional Systems, a division of Terumo Corporation. The acquisition will enable Terumo to maximize the value of the acquired businesses and contribute to supporting safe and efficient medical devices

Major Players:
The major companies dominating this market for its products and services are
• Abbott Laboratories ,
• Comed B.V.
• Terumo Corporation ,
• Merit Medical,
• Vascular Solution
• Advanced Vascular Dynamics
• Beijing Demax Medical Technology co., Ltd.

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